Finance Education

Behind every successful man is his woman. Behind the fall of a successful man is usually another woman.

The concept of saving and investing is very weak in our modern society as most of us are ardent consumerists who are trained to spend from earliest childhood.
The goal of this website is to promote financial literacy that would lead to greater financial understanding,
confidence, motivation to save and invest.

Think you’re going to change this system by voting for Hillary or Trump, Democrat or Republican? Maybe, but there’s no evidence of it in the CFR.
The post How the Deep State Cronies Steal from You… appeared first on The Daily Reckoning Australia.

The third-largest economy in Europe — and the country with the second highest public debt to GDP in the world — is now facing elections, a banking crisis and political turmoil.
The post There is no Turning Back for the European Union appeared first on The Daily Reckoning Australia.

Over the long term, stocks have gone up. That’s why we figure it’s wrong to obsess about crashing stocks. That doesn’t mean you should ignore the potential.
The post Still Waiting for the Next Stock Market Crash… appeared first on The Daily Reckoning Australia.

You probably heard, OPEC stuck to its word and agreed to cut crude oil production. What followed was the biggest short squeeze since 2009. So, what’s next?
The post Understanding the Crude Oil Short Squeeze appeared first on The Daily Reckoning Australia.

Donald J Trump in the White House…and now sits in a monstrous tower of some $64 trillion in debt, ready to blow up.
The post Trump’s $64 Trillion Tower of Debt appeared first on The Daily Reckoning Australia.

The coming disaster is financial…and economic. The authorities are determined to win a war: a war against markets.
The post No Surrender in the Fed’s ‘War on the Markets’ appeared first on The Daily Reckoning Australia.

Italy’s non-government sector is a net creditor. It saves and lends, while the government borrows and spends.
The post Italy Says ‘No’ — Wants More of the Same appeared first on The Daily Reckoning Australia.

The fact that large swaths of the unwashed masses around the world have revolted has sent global elites into a state of mass hysteria…
The post The Populist Uprising of Epic Proportions… appeared first on The Daily Reckoning Australia.

The once-loved debt is spurned. The likelihood of Trump avoiding a recession during his first (and possibly only) term is quite low.
The post Is the US Headed into a Recession in 2017? appeared first on The Daily Reckoning Australia.

Ultimately, the question is not whether there will be a disaster during Mr Trump’s time in the White House. It’s what kind of a disaster it will be.
The post The Swamp Is Winning Over Donald Trump appeared first on The Daily Reckoning Australia.

It is almost as though they never intended to win. They know that the longer the war goes on, the more money flows into the swamp…and stays there.
The post If World War II Breaks Out Again, We’ll Be Ready for It appeared first on The Daily Reckoning Australia.

If the Aussie market continues to rebound, more investors will begin to look elsewhere. When they do, they’ll find that small-caps offer a lot of promise.
The post After the Rebound, These Stocks Are Set to Follow appeared first on The Daily Reckoning Australia.

West Texas Intermediate and Brent crude oil soared more than 8% on the back of an unlikely OPEC agreement to cut supply starting from January.
The post OPEC Unleashes the Oil Bull appeared first on The Daily Reckoning Australia.

Let me get you thinking… ‘A quitter never wins and a winner never quits.’ This phrase is undeniable. It captures the essence of both success and failure. The advice is as timeless as it is simple. It’s something I tell …
The post Do You Know Quitting Could Make You Rich? appeared first on The Daily Reckoning Australia.

The issue for the Australian economy is that building investment is beginning to fall. That puts the pressure on household spending to prop up economic growth. Which is going to be difficult if the RBA is done with its interest rate cuts.
The post Building Investment Decline Poses Problems for the Australian Economy appeared first on The Daily Reckoning Australia.

Apply the Reagan administration as a frame of reference to compare president-elect Trump. Doing so we can see what expectations might be for the economy.
The post Could President Trump Use Reagan’s Playbook? appeared first on The Daily Reckoning Australia.

Stocks on Wall Street took a breather overnight, but the price of iron ore continued to move higher. Iron ore for delivery to the Chinese port of Qingdao is now trading at US$80.83 per tonne.
The post What Rising Iron Ore Prices Mean for Interest Rates appeared first on The Daily Reckoning Australia.

Debt is a drag on growth. Money that could once have been spent in the economy is being diverted to principal and interest payments.
The post What Awaits the Chronically Ill 60-Year-Old Debt Junkie? appeared first on The Daily Reckoning Australia.

The entire world has a debt problem — with $223 trillion in debt, about three times global GDP. The US has a big piece of that — $63 trillion of the debt.
The post Obama’s Parting Gift… With Fuse Attached appeared first on The Daily Reckoning Australia.

Fidel Castro was regarded as a revolutionary and a ‘change agent’. But he is better understood as a throwback, more of a counter-revolutionary than a real revolutionary.
The post Viva Cuba Libre! appeared first on The Daily Reckoning Australia.

Based on historic valuation models, the US share market is at a very dangerous level. Be careful. Exercise caution.
The post Tread Lightly: US Market Reaches Dangerous Historical Highs appeared first on The Daily Reckoning Australia.

While short selling has become common practice in the market, it’s something that goes against the grain for many investors.
The post Short Selling Stocks: Not as Easy as It Looks appeared first on The Daily Reckoning Australia.

The middle class got lower wages and more debt. The system is rigged in favour of the Establishment that runs it. Voters couldn’t sort out exactly how…
The post Washington’s $35 Trillion ‘Debt Bomb’ Is Going to Blow appeared first on The Daily Reckoning Australia.

Well, dear cashless friend, congratulate yourself. You are doing exactly what your government wants you to do.
The post Why Governments and Central Banks are Herding you into Digital Pens appeared first on The Daily Reckoning Australia.

Personal Finance Tips

SAVINGS CALCULATOR

When using the Savings Calculator, you will know how much to save and there will be no surprises. When saving for retirement, vacation, a new home or any large purchase, using this calculator can help you determine how much money to save each month.

A survey by Bankrate found that close to 40 percent of Americans believe the results of the U.S. election won't have any impact on their finances. According to Bankrate's survey, 28 percent of respondents believe a Donald Trump White House would have a positive effect on their finances, while 26 percent believe they will be […]

President-elect Donald Trump hinted during the campaign trail that he may repeal or roll-back the Dodd-Frank Wall Street Reform and Consumer Protection Act. This fact helped boost financial stocks higher, even though it remains unclear what actions Trump will take once he assumes control of the White House. A Realistic Look Forward According to the […]

For the first time ever, vinyl music album sales have surpassed digital music album sales in the U.K., the Entertainment Retailers Association (ERA) revealed. As per the data, week 48 of 2016 saw 2.4 million pounds (about $3 million) worth of vinyl sales versus 2.1 million pounds ($2.65 million) worth of digital sales. Interestingly, what […]

The Consumer Staples Select Sect. SPDR (ETF) (NYSE: XLP) is up about 1.8 percent this week. Perhaps that is the beginning of a comeback for a once hot sector exchange-traded fund that now resides about 7.5 percent below its July highs. Low Beta Sectors' Recent Performance Earlier this year, low beta sectors were leading broader […]

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